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MICROTEK MEDICAL HOLDINGS APPOINTS EXECUTIVE VICE PRESIDENT -- SALES AND MARKETING
Yahoo ^ | 12 August 2004

Posted on 09/18/2004 6:46:15 AM PDT by MeneMeneTekelUpharsin

COLUMBUS, Miss., Aug. 12 /PRNewswire-FirstCall/ -- Microtek Medical Holdings, Inc. (Nasdaq: MTMD - News), a leading manufacturer and marketer of infection control products, fluid control products and safety products to healthcare professionals, announced today the appointment of Barbara J. Osborne, 43, to fill its newly created position of Executive Vice President - Sales and Marketing, effective August 11, 2004. Ms. Osborne joins Microtek's executive management team after having spent more than 13 years in various executive management, sales and marketing roles at Tyco Healthcare/Kendall-LTP ("Tyco/Kendall"), a division of Tyco Healthcare and manufacturer of disposable medical products for surgery, cardiology, obstetrics and neonatal care. Most recently, Ms. Osborne served as Tyco/Kendall's Vice President and General Manager from 2001 until 2003, driving significant earnings growth over that period of time through market penetration, new product development and manufacturing cost reductions. Previously, from 1999 to 2001, Ms. Osborne served as Tyco/Kendall's Vice President of Marketing. Additionally, Ms. Osborne brings to Microtek many years of experience in sales, marketing and finance at several other healthcare and retail organizations. Ms. Osborne holds a Master of Science in Accounting from New York University's Stern School of Business and received her undergraduate degree from Colgate University. Ms. Osborne remarked, "Having worked in the healthcare industry for the past 17 years, I have been aware of Microtek's impressive reputation in this industry. It is with great pride and excitement that I now join the Company and its management team. I am looking forward to the challenges inherent in championing the Company's strategic objectives, particularly as they relate to sales and marketing initiatives that will drive earnings growth."

Dan R. Lee, Microtek's President and Chief Executive Officer, commented, "We created the position of Executive Vice President - Sales and Marketing to provide essential, targeted direction for our rapidly expanding sales and marketing infrastructure and have been searching for some time now for an individual of Barbara's caliber to head that part of our organization. I am certain that as the newest member of our executive management team, Barbara will provide the critical sales and marketing leadership which will enable us to expand our recent revenue growth momentum, particularly in our branded healthcare operations. We expect that Barbara's proven sales and marketing experience and knowledge of the healthcare industry will be driving forces behind attaining our strategic revenue goals." About Microtek: The Company, a market leader in the healthcare industry, develops, manufactures and sells infection control products, fluid control products and safety products to healthcare professionals for use in environments such as operating rooms and outpatient surgical centers.


TOPICS:
KEYWORDS: infectioncontrol; microtekmedical
Interesting little company actually making a profit. Probably explains why the stock price is dropping. Financials look decent, but stock dropped sharply. Someone here have any idea why?
1 posted on 09/18/2004 6:46:15 AM PDT by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin
Try naked shorting. A recent scandal is that many over the counter stocks are now listed on German stock exchanges regardless of the wishes of the corporations listed. The purpose is to do multiple naked shorts, drive the stock price down and then cover at a very low cost.

This is only one idea. Remember, people only pay for what they think they want on the basis of what they think it is worth. Since most thinking is just emoting regardless of how we conceive of it, it is no wonder that people both over and under value equities.

2 posted on 09/18/2004 7:23:54 AM PDT by shrinkermd
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To: shrinkermd

I was wondering about that. Seems some stocks are dropping simply because someone wants them to, not for any valid reason. That would imply the entire securities market is controlled by outright thieves.


3 posted on 09/18/2004 11:50:44 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: snopercod

By mentioning this company, I can almost guarantee the stock price will drop. That way, I can buy some cheaply. LOL. Happens that way every time.


4 posted on 09/19/2004 7:29:38 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: BOBTHENAILER

Read what I wrote to snopercod above. See if it doesn't come true. ROFL.


5 posted on 09/19/2004 7:30:22 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: shrinkermd
Try naked shorting. A recent scandal is that many over the counter stocks are now listed on German stock exchanges regardless of the wishes of the corporations listed. The purpose is to do multiple naked shorts, drive the stock price down and then cover at a very low cost.

You are exactly correct. I wish the SEC would do more about that practice. The MMs manipulate stocks and drive them where they want them to go without any fundamental reason. Microtek is making a profit and should be okay in the long run, IMO.

6 posted on 09/30/2004 6:20:49 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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